Rockwell Automation, Inc. (NYSE:ROK) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Rockwell Automation, Inc. (NYSE:ROK) from a hold rating to a buy rating in a research report report published on Thursday, September 7th.

Several other equities analysts have also issued reports on ROK. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Rockwell Automation in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Rockwell Automation from a hold rating to a buy rating and set a $182.00 target price for the company in a report on Friday, July 28th. J P Morgan Chase & Co upgraded shares of Rockwell Automation from an underweight rating to a neutral rating and set a $153.00 price objective for the company in a report on Thursday, July 27th. Wolfe Research began coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They issued a peer perform rating for the company. Finally, BidaskClub lowered shares of Rockwell Automation from a hold rating to a sell rating in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $152.27.

Shares of Rockwell Automation (NYSE:ROK) traded up 0.92% on Thursday, hitting $173.73. The stock had a trading volume of 1,019,639 shares. Rockwell Automation has a 52 week low of $113.50 and a 52 week high of $174.18. The stock’s 50-day moving average price is $164.14 and its 200 day moving average price is $159.63. The company has a market cap of $22.30 billion, a PE ratio of 28.02 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $1.55 earnings per share. Rockwell Automation’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Rockwell Automation will post $6.75 EPS for the current year.

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In other Rockwell Automation news, insider Blake D. Moret sold 3,100 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total value of $511,128.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $165.00, for a total transaction of $1,650,000.00. Following the completion of the sale, the director now owns 411,286 shares in the company, valued at approximately $67,862,190. The disclosure for this sale can be found here. Insiders sold a total of 65,825 shares of company stock valued at $10,917,484 in the last ninety days. 1.65% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Keel Point LLC raised its position in shares of Rockwell Automation by 0.3% during the 1st quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after buying an additional 5 shares in the last quarter. CWM LLC raised its position in shares of Rockwell Automation by 0.3% during the 2nd quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after buying an additional 6 shares in the last quarter. WealthTrust Fairport LLC raised its position in shares of Rockwell Automation by 0.5% during the 1st quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock valued at $260,000 after buying an additional 8 shares in the last quarter. Advisor Partners LLC raised its position in shares of Rockwell Automation by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after buying an additional 8 shares in the last quarter. Finally, Sfmg LLC raised its position in shares of Rockwell Automation by 0.4% during the 2nd quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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